Bangkok property developer sentiment ticks up
Sentiment among housing developers in Greater Bangkok picked up in the fourth quarter last year after a 10-quarter low, helped by relaxed loan-to-value (LTV) limits and the country's reopening.
SET-listed developers Noble Development and SC Asset Corporation are upbeat about their business prospects and overall market sentiment this year, with both planning record property launches.
Real estate developers are calling for an extension of the 90% reduction in the rate of the land and building tax as the impact on the sector remains severe.
Sentiment among housing developers in Greater Bangkok picked up in the fourth quarter last year after a 10-quarter low, helped by relaxed loan-to-value (LTV) limits and the country's reopening.
The Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden.
SET-listed developers Noble Development and SC Asset Corporation are upbeat about their business prospects and overall market sentiment this year, with both planning record property launches.
Real estate developers are calling for an extension of the 90% reduction in the rate of the land and building tax as the impact on the sector remains severe.
The Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden.
Sentiment among housing developers in Greater Bangkok picked up in the fourth quarter last year after a 10-quarter low, helped by relaxed loan-to-value (LTV) limits and the country's reopening.
SET-listed developer Land & Houses (LH) plans to launch 15 new residential projects worth a combined 29.5 billion baht in 2022, a 50% leap in launches from last year.
SET-listed Amata Corporation Plc, an industrial estate developer and operator, is continuing its overseas expansion through the US$1 billion construction of Amata Smart and Eco City in Laos.
SET-listed developer Sansiri Plc will spend 20 billion baht to launch new residential projects worth a combined 150 billion baht, with a presales target of 120 billion baht during 2022-24.
Despite an expected recovery in the property market, SET-listed developer Lalin Property Plc will cautiously move forward this year by planning 10-12 new projects worth a combined 8 billion baht, aiming for growth of 10%.
Potential homebuyers from Generations Y and Z have different real estate outlooks than Gen Xers.
Frasers Property Commercial (Thailand) Co, a commercial property developer, is scheduled to open Silom Edge -- its second retail project -- on the corner of Silom and Rama IV roads in September this year.
